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Etched raised another $700 million at a $21 billion valuation led by Jane Street, its first customer, a month after a $10.3 billion Series C.

One in five US businesses use AI. Here’s where the measured returns show up, what the seat licences cost, and where the evidence runs out.

Google won the bankruptcy auction for Spirit Airlines’ internal business data with a $10 million bid, outrunning Mercor at $7.5 million. The 14 August filing sets out what is in the haul, what is carved out, and who pays to scrub it.

Higgsfield raised a $400M Series B at a $5.4B valuation, four times its January mark. Annualized revenue is $700M, which is a run rate, not booked revenue.

Wispr raised $280 million at a $2 billion valuation, close to three times its November mark, and previewed Canto, a speech model built for noisy rooms.

Anthropic told investors its annualized revenue run rate reached $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of 2025. Here is what the figure rests on, and what the IPO filing would have to confirm.

Groq closed a $350 million Series A at a $3.5 billion valuation, roughly half what it carried last September. Here’s what the primary announcement says, and where the coverage disagrees.

Nvidia has guaranteed up to $105 billion of OpenAI data center leases in Ohio. The filing shows a residual value backstop on 4.25 gigawatts, not a loan, and OpenAI has agreed to indemnify Nvidia for anything it pays.